Federal and State Disclosures

Loan Programs

When to Lock?

By choosing the correct
time to lock and utilizing AmeriFund's extended
locks (up to 360 days) you can trim hundreds or
even thousands of dollars off your financing
costs. This chart shows the movement of
interest rates over a recent three month span
of time.The jagged blue
line shows the actual movement of rates.The green and red lines show what is
called a moving average (30 and 50 day moving
averages in this chart) which average out the
volatile ups and downs of interest rates from
day to day.

From a locking standpoint,
your objective is to time your lock at the
point when the actual rates get near or dip
below the moving averages.
In this chart the red arrows indicate the bad
times to lock and the green arrows showing
prime locking opportunities.

The difference between
locking at the green arrow rather than on day
where there is a red arrow can be as much as
$2,000 to $3,000 on a larger conforming loan or
jumbo loan.

AmeriFund loan consultants
are trained to watch and analyze bond market
data to assist applicants with decision of
deciding when to lock. This type of
counsel can save an applicant hundreds or even
thousands of dollars in financing costs.